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madreJ [45]
3 years ago
11

A company purchased new equipment for $53,000. The company paid cash for the equipment. Other costs associated with the equipmen

t were: transportation costs, $2,300; sales tax paid $2,900; and installation cost, $3,300. The cost recorded for the equipment was:
Business
1 answer:
iren2701 [21]3 years ago
4 0

Answer:

Total cost= $58,600

Explanation:

Giving the following information:

A company purchased new equipment for $53,000. The company paid cash for the equipment. Other costs associated with the equipment were: transportation costs, $2,300; sales tax paid $2,900; and installation cost, $3,300.

We will assume that the sales tax can be an exemption allowed by the state.

Total cost= 53,000 + 2,300 + 3,300= $58,600

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The previous graph you constructed should show that net exports from Japan would be negative if the price of yen increased to a
lubasha [3.4K]

Answer:

0.1 yen per dollar?  if i got it wrong sorry

Explanation:

Since 10 divided by 1000 would be 0.1 yen wait is it the other way around?

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2 years ago
A U.S. Senator from Michigan is in favor of environmental regulations that forbid industries from disposing chemical wastes in r
vodka [1.7K]

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the trustee view of representation

Explanation:

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3 years ago
On January 2, 2018, Ava Co. issued at face value $53,300 of 9% bonds convertible in total into 9,649 shares of Ava's common stoc
aalyn [17]

Answer: $123,583.90

Explanation:

Given the following Parameters,

Net income = $120,226,

Interest rate = 9%

Tax = 30%

The following formula then applies,

Diluted EPS = (Net income + Interest after tax)/Total outstanding shares outstanding

Now, Interest(Before tax) = $53,300 * 0.09 = $4797

Now we have to calculate it After Tax

= 4,797 (1-tax rate)

= 4,797(1-0.3)

= $3,357.90

The numerator is,

= (Net income + Interest after tax)

= 120,226 + 3,357.90

= $123,583.90

The numerator in the diluted earnings per share calculation for 2018 would be $123,583.90

4 0
3 years ago
Read 2 more answers
An insurance policy written after 1988 that fails to pass the seven-pay test is known as
Zigmanuir [339]
The answer to this question is a modified endowment contract. A modified endowment contract or MEC is a type of life insurance policy where in the policy/ insurance is being funded with more money or the insurance premium payment exceeds the amount allowed under the federal law. The modified endowment contracts are taxable.
3 0
3 years ago
fetzer company declared a $0.55 per share cash dividend. the company has 480,000 shares authorized, 456,000 shares issued, and 1
Svetllana [295]

Debit Retained Earnings $250,800; credit Common Dividends Payable $250,800

<h3>What is a dividend?</h3>

A dividend is the distribution of profits to shareholders by a corporation. When a corporation makes a profit or has a surplus, it has the option of paying a portion of that profit as a dividend to its shareholders. Any money that is left over is taken out and put back into the business.

The total dividend is divided by the number of outstanding shares to determine the dividend per share.

A corporation may choose to disperse a portion of its income in one of four different ways. Your monthly brokerage statement may include information about dividends paid on CASH, STOCK, HYBRID, or PROPERTY investments.

Shares issued= 456,000

Per share cash dividend = $0.55

Dividends Payable = 456,000 x $0.55 = $250,800

Debit Retained Earnings $250,800, credit Common Dividends Payable $250,800

To know more about dividends, visit:

brainly.com/question/29510262

#SPJ1

4 0
1 year ago
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